Maharashtra farmers take corporate route to keep onion prices steady
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Maharashtra farmers take corporate route to keep onion prices steady

By Thetribune calender  31-May-2019

Maharashtra farmers take corporate route to keep onion prices steady

The fluctuating prices of onion, which would often leave farmers and consumers in tears, may soon be a thing of the past.
The Maharashtra government has teamed up with cultivators’ companies to buy their stock during times of surplus for release during lean periods.
 
At present, 50,000 tonnes of onion is being purchased from farmers under a joint venture between the National Agricultural Cooperative Marketing Federation (NAFED) and Maha-FPC--the apex body of farmer-producer companies in the state. This will form part of the buffer stock being created by the government. 
The onion will then be sold during the lean season when supplies dry up and prices begin to soar.

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